Pisgah Investments Foundation Inc
Pisgah Investments Foundation Inc is a private foundation based in Asheville, North Carolina. Its 2025 filing reports 11 grants totaling $417,500 to organizations in North Carolina and South Carolina.
Pisgah Investments Foundation Inc at a glance
In short: Pisgah Investments Foundation Inc gave $418K across 11 grants in 2025 (avg $38K), mostly in North Carolina. 9% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $417,500
- -24.1% vs 2024
- Grants made (2025)
- 11
- -8.3% vs 2024
- Average grant
- $37,955
- -17.2% vs 2024
- Median grant
- $40,000
- Total assets
- $10,343,548
- +7.1% vs 2024
- New grantees (estimate)
- 9% first-time grantees (1 of 11, 2025; small sample)
- Primary geography
- North Carolina (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Pisgah Investments Foundation Inc
- How to Apply
-
The 2025 filing names Thomas A Maher as the contact and lists no required form or materials, no deadlines, and no restrictions on awards. The filing states that the foundation does not restrict giving to preselected organizations.
- Contact
Application contact: Thomas A Maher
Mailing address: PO Box 5663, Asheville, NC 28813
Phone: (617) 721-5536
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Pisgah Investments Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Warren Wilson College ($85K). Together the top 10 received $413K.
Grant Size Distribution
67 grants across all recorded years
The most common grant size was under $50K: 51 grants of 67 (76%).
Geographic Focus
Where this funder awards grants
In 2025, 90% of grant dollars went to recipients in North Carolina and 10% to recipients in South Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Is Pisgah Investments Foundation Inc open to new grantees?
9%
first-time grantees, 2025
In 2025, 1 of 11 grantees (9%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $40K; repeat grants $38K. How we count
Medians: $40K first-time, $36K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $203K (2020) to $550K (2024). In 2025 it made 11 grants totaling $418K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Warren Wilson College Swannanoa, NC | Operational Support | $85,000 |
| Riverlink Inc Asheville, NC | Environment | $60,000 |
| Mahec Asheville, NC | Operational Support | $50,000 |
| YMCA Of Western North Carolina Asheville, NC | Community Programs | $50,000 |
| Kids On Point Charleston, SC | Tutoring & Life Skills | $40,000 |
| Open Door Asheville Asheville, NC | Operational Support | $40,000 |
| Literacy Together Asheville, NC | Education | $32,500 |
| Mountain Child Advocacy Center Asheville, NC | Operational Support | $25,000 |
| All Souls Counseling Center Asheville, NC | Counseling | $15,000 |
| The North Carolina Arboretum Asheville, NC | Environment | $15,000 |
Ready to take the next step with Pisgah Investments Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,343,548 | $1,130,783 | $446,443 | $417,500 | 11 | $417,500 | $224,746 | $468,315 |
| 2024 | $9,661,981 | $1,495,322 | $578,238 | $550,000 | 12 | $550,000 | $1,023,570 | $411,002 |
| 2023 | $8,752,891 | $815,292 | $370,012 | $360,500 | 17 | $360,500 | $374,153 | $352,422 |
| 2022 | $8,437,652 | $830,265 | $439,663 | $416,468 | 13 | $416,468 | $388,668 | $375,216 |
| 2021 | $8,197,739 | $2,234,998 | $403,539 | $386,208 | 14 | $386,208 | $1,416,556 | $345,958 |
| 2020 | $6,772,953 | $757,505 | $211,151 | $203,142 | 11 | — | $116,018 | $224,726 |
Under IRS private-foundation payout rules, Pisgah Investments Foundation Inc reported a distributable amount of $468K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations working in areas including education, environmental work, community programs, counseling, and child advocacy. For example, Warren Wilson College describes its mission as integrating academics, work, and community engagement to prepare graduates for meaningful careers and purposeful lives. RiverLink says it promotes the environmental and economic vitality of the French Broad River and its watershed. Literacy Together describes its work as providing free tutoring for youth and adults to support literacy and educational goals.
Grantmaking
In 2025, the foundation made 11 grants totaling $417,500. Grants ranged from $5,000 to $85,000, with a median grant of $40,000. Recipients included Warren Wilson College ($85,000), RiverLink Inc ($60,000), MAHEC ($50,000), YMCA of Western North Carolina ($50,000), Kids On Point ($40,000), Open Door Asheville ($40,000), Literacy Together ($32,500), and Mountain Child Advocacy Center ($25,000).
Among the grantees, Kids On Point says it provides young people with year-round academic, athletic, and enrichment support. Mountain Child Advocacy Center says it works to prevent harm, protect children, and heal families. All Souls Counseling Center describes its work as providing mental health counseling, outreach, and education, with a focus on people who are underinsured or uninsured in Western North Carolina.
Leadership & Key People
Officers and directors from IRS filings
Pisgah Investments Foundation Inc is led by Thomas A Maher, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas A Maher
President & Treasurer
On filings since 2020
10 hrs/week
No compensation reported
Nancy K Maher
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Pisgah Investments Foundation Inc
How much does Pisgah Investments Foundation Inc give each year?
Pisgah Investments Foundation Inc gave $418K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $550K across 12 grants.
What is Pisgah Investments Foundation Inc's typical grant size?
Pisgah Investments Foundation Inc's median grant in 2025 was $40,000, and its average grant was $37,955, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Pisgah Investments Foundation Inc that year got $40K on average.
Where does Pisgah Investments Foundation Inc give grants?
Pisgah Investments Foundation Inc gives mostly in North Carolina: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (10%). The most frequent recipient cities were Asheville, NC (9 grants).
Does Pisgah Investments Foundation Inc give general operating support?
Yes: 36% of Pisgah Investments Foundation Inc's 2025 grants with a stated purpose (4 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Pisgah Investments Foundation Inc's largest grantees?
Pisgah Investments Foundation Inc's largest 2025 grantees include Warren Wilson College ($85,000), Riverlink Inc ($60,000) and Mahec ($50,000), according to its 2025 IRS Form 990-PF. Together they received 47% of its itemized 2025 grant dollars.
How large is Pisgah Investments Foundation Inc?
Pisgah Investments Foundation Inc reported $10.3M in total assets on its 2025 IRS Form 990-PF. It paid out $418K in qualifying distributions that year, against a required minimum of $468K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Pisgah Investments Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations working in areas including education, environmental work, community programs, counseling, and child advocacy. See mission & focus areas ↑
How do I apply for a grant from Pisgah Investments Foundation Inc?
The 2025 filing names Thomas A Maher as the contact and lists no required form or materials, no deadlines, and no restrictions on awards. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Pisgah Investments Foundation Inc's EIN?
Pisgah Investments Foundation Inc's EIN (Employer Identification Number) is 46-1159387. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Pisgah Investments Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Pisgah Investments Foundation Inc funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/pisgah-investments-foundation-inc-morg_b099f708f3db48cd8d69788710aa4b50
BibTeX
@misc{grantable_461159387_2026,
author = {{Grantable}},
title = {{Pisgah Investments Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/pisgah-investments-foundation-inc-morg_b099f708f3db48cd8d69788710aa4b50},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Pisgah Investments Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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